The master budget of a small manufacturer would normally include all necessary component budgets except the capital expenditures budget.

Question

Quizplus · Accepted Answer

The master budget of a small manufacturer would normally include all necessary component budgets, including the capital expenditures budget. The capital expenditures budget is an important component of the master budget as it outlines the company's planned investments in fixed assets such as equipment, buildings, and land.

The Master Budget of a Small Manufacturer Would Normally Include